JAMB UTME - Economics - 1982
Ibeere 2 Ìròyìn
The most dominant economic activity which employs the largest number of people in West Africa is?
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Ibeere 3 Ìròyìn
A commodity can be sold for two or more different prices if it is?
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Ibeere 4 Ìròyìn
All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria
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Ibeere 5 Ìròyìn
If the Central Bank intends to increase the money supply through open market operations then it will
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Ibeere 9 Ìròyìn
To calculate the annual natural growth rate of a country's population, one has to know the country's annual birth rate and
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Ibeere 10 Ìròyìn
The supply of and demand for goods and services are influenced by the?
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Ibeere 11 Ìròyìn
In an economy, if the proportion of people who are below 18 years is 40% and those above 60 years is 30% what would this imply? the
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Ibeere 13 Ìròyìn
If income rises from N200.00 to N250.00 and the amount spent on good X fails from N30.00 to N28.00, then good X is
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Ibeere 14 Ìròyìn
When the import of a commodity is limited to a definite quantity by using a trade control method, this is known as
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Ibeere 16 Ìròyìn
In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
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Ibeere 18 Ìròyìn
One of the ways by which Government derives revenue from industrial enterprises in West Africa is?
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Ibeere 19 Ìròyìn
The difference between visible exports and invisible exports of a country, in money terms, is known as the?
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Ibeere 20 Ìròyìn
In the study of Economics, land, labour, capital and entrepreneur are referred to as factors of production. These factors produce commodities only if they are?
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Ibeere 23 Ìròyìn
Balance of payments of a country explains the overall position of?
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Ibeere 24 Ìròyìn
|
|
Share of gross national product (GNP) |
Share of total employment |
Growth rate of output |
| All agriculture |
40% |
70% |
3% |
| Industry and mining |
30% |
10% |
10% |
| Trade andservices |
30% |
20% |
5% |
What is the growth rate of GNP?
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Ibeere 25 Ìròyìn
Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?
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Ibeere 26 Ìròyìn
Price discrimination can be described profitably by a monopolist when the elasticity of demand for his product is
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Ibeere 28 Ìròyìn
Which of the following countries is NOT a member of the economic Community of West African States?
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Ibeere 29 Ìròyìn
which is not responsible for the decline in food production in West Africa?
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Ibeere 31 Ìròyìn
Which one of the following functions of banks in Nigeria is reserved to the Central Bank?
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Ibeere 32 Ìròyìn
A good measure of the standard of living usually used for international comparison is
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Ibeere 33 Ìròyìn
if AC = Average Cost of production ,
TC = Total Cost of production
VC = Variable Cost of production
FC = Fixed Cost of production
Q = Quantity of goods produced
Then,
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Ibeere 36 Ìròyìn
What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?
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Ibeere 37 Ìròyìn
We can classify the people of Nigeria into three broad age group :Group one, 0-15years ; Group Two,16-64years; Group Three, 65years and above. Group Two is the most important economically because
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Ibeere 38 Ìròyìn
A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?
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Ibeere 39 Ìròyìn
The sloping downward of the demand curve implies that?
Ibeere 40 Ìròyìn
If income rises from N200.00 to N250.00 and the amount spent on good X falls from N30.00 to N28.00, then good X is?
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Ibeere 44 Ìròyìn
| Unit of output |
Table cost |
| 1 |
20 |
| 2 |
32 |
| 3 |
42 |
| 4 |
48 |
| 5 |
50 |
in the above table, the marginal cost of the 3rd unit of output is
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Ibeere 46 Ìròyìn
Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?
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Ibeere 47 Ìròyìn
Public enterprises are supported on the grounds that they are undertaken for
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Ibeere 48 Ìròyìn
some of major problems hindering economic development in west Africa are in the areas of electricity supply, communication, educations and health. These items are known in Economics as?
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Ibeere 50 Ìròyìn
The control price for a carton of beer in Nigeria is N7.20. But a carton of beer is sold in parts of the country for as much N15.00 The cause of this exorbitant price is that?
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